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dgerard@awful.systems

Banks turn data centre loans into 2008-style financial time bombs (pivot-to-ai.com)

submitted 5 days ago by dgerard@awful.systems to c/techtakes@awful.systems

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party like it’s 2007

https://www.youtube.com/watch?v=LuBlliJ8QMU&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260511-banks-turn-data-centre-loans-into-2008-style-time-bombs - podcast

time: 5 min 40 sec

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[–] baggachipz@sh.itjust.works 6 points 4 days ago (1 children)

I sold most of my index fund and bought SCHD. It’s an etf that holds shares in companies who pay the biggest dividends. This doesn’t entirely shield you, but those bullshit “growth” bubble companies tend not to pay large dividends to their shareholders.

Nice side effect of the etf is you get dividends every quarter too

[–] CinnasVerses@awful.systems 3 points 3 days ago

Looks like SCHD is not heavily invested in US financial institutions holding the bad debt which is the potential pitfall I saw. Its hard not to invest in banks since they literally have a license to make money, but a lot of them are going to lose money when the chatbot companies can't pay back their loans.

Socially responsible investing / ESG also does pretty well at screening out the surveillance industry.